Welcome to our dedicated page for Stamps.com news (Ticker: STMP), a resource for investors and traders seeking the latest updates and insights on Stamps.com stock.
This page provides a historical news archive for Stamps.com Inc., which was represented by the ticker symbol STMP when it traded on the NASDAQ Global Select Market. Company press releases describe Stamps.com as a provider of e-commerce shipping software solutions serving consumers, small businesses, e-commerce shippers, enterprises and high-volume shippers through brands such as Stamps.com, Endicia, ShipStation, ShipEngine, ShippingEasy, ShipWorks, GlobalPost and Metapack.
The news flow around STMP covers several key themes. Earlier releases focus on financial results, company metrics and developments in its shipping and mailing software offerings. Other items describe activity at subsidiaries and related brands, such as Metapack’s ecommerce delivery technology and its Delivery Manager platform, which connects retailers to a large carrier network and supports services like delivery options, tracking and returns.
A major strand in the historical news record is the company’s corporate transaction with Thoma Bravo. In July 2021, Stamps.com announced a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valued at approximately $6.6 billion, followed by stockholder approval of the merger agreement and, in October 2021, confirmation that the acquisition had closed and that Stamps.com common stock would be de-listed from NASDAQ.
Investors and researchers can use this news archive to review how Stamps.com communicated its e-commerce shipping strategy, how its subsidiaries such as Metapack described their delivery technology, and how the acquisition by Thoma Bravo and subsequent de-listing of STMP were announced over time.
Stamps.com (Nasdaq: STMP) reported strong financial results for Q1 2021, with total revenue reaching $189.1 million, up 25% year-over-year. GAAP net income surged 108% to $34.2 million, translating to $1.74 per diluted share, a 92% increase. Non-GAAP adjusted EBITDA also saw a 43% growth, totaling $59.5 million. Despite a 100% drop in Customized Postage revenue due to the USPS program termination, the company remains optimistic about long-term growth in e-commerce, citing resilience during pandemic challenges.
GlobalPost has launched a user-friendly HS code lookup tool to aid international shippers in classifying goods. This tool enables users to input product names, generating the appropriate HS codes to ensure smoother customs clearance and avoid excess duties. Free for up to five daily searches, SmartSaver customers can access up to 500 at no cost. Correct HS codes enhance shipping efficiency, minimize customs delays, and improve customer experience. GlobalPost's parent company, Stamps.com (NASDAQ: STMP), aims to streamline logistics for international shipments.
Stamps.com (NASDAQ: STMP) has announced a financial results conference call for Q1 2021 scheduled for May 6, 2021, at 5:00 pm ET. The earnings press release will precede the call at 4:30 pm ET. Investors can join via the company’s Investor Relations website. Stamps.com provides e-commerce shipping solutions, serving a diverse customer base including small businesses and enterprises. For inquiries, contact Investor Relations via phone or email.
Metapack, a leader in eCommerce delivery technology, has partnered with Barbour to enhance its online shipping and returns operations. This collaboration utilizes Metapack's Delivery Manager, Delivery Options, and Returns Portal, allowing Barbour to access over 400 carriers and 4,900 delivery services efficiently. The technology aims to streamline operations, improve consumer experience, and boost revenue through enhanced delivery options and automated returns.
Stamps.com (Nasdaq: STMP) announced an increase in its share repurchase plan to $120 million, up from $60 million, due to heightened market volatility. The amendment allows for stock repurchases through August 2021, with the timing dependent on market conditions and compliance with financial covenants. This strategic move aims to reinforce shareholder value amidst market fluctuations.
Stamps.com (STMP) reported strong financial results for Q4 and FY 2020, with total revenue reaching $206 million, a 28% increase from Q4 2019. GAAP net income surged by 129% to $46.5 million, with earnings per share at $2.36, up 108%. The total number of paid customers grew by 266,000 to 1.02 million. However, Customized Postage revenue fell to $0 due to USPS program termination. For 2021, no specific financial guidance was provided due to macroeconomic uncertainties related to the ongoing pandemic.
Stamps.com (NASDAQ: STMP) announced its Fourth Quarter 2020 Financial Results Conference Call scheduled for February 17, 2021, at 5:00 pm ET, following the earnings press release at 4:30 pm ET. The call will be webcast on the Investor Relations website. Stamps.com is a leading provider of online postage and shipping software solutions for various customers including small businesses and enterprises. The company's strategic integrations with over 500 partner applications enhance its service offerings.
Metapack, a leader in eCommerce delivery technology, will host the Delivery Conference (TDC) virtually on February 2-3, 2021. This free event marks its 12th year, focusing on the pandemic’s impact on retail and eCommerce growth. Keynotes include Bruce Fair of Metapack and Richard Lim of Retail Economics. Notable speakers from various sectors will participate in panels and discussions. Registration is free and available via Metapack's website.
Metapack, the leader in eCommerce delivery technology, has partnered with HelloFresh, the world's top meal kit company, to streamline its shipping services across the UK, Germany, and Austria. This collaboration utilizes Metapack’s Delivery Manager, granting HelloFresh access to over 400 carriers and 4,900 delivery options through a single integration. The platform significantly enhances operational efficiency by automating delivery selection and generating compliant shipping documents swiftly. This partnership aims to fulfill HelloFresh's delivery commitments while reducing complexities and processing times amidst business expansion.
Metapack, a leader in eCommerce delivery technology, announces that The Delivery Conference (TDC) is going virtual on February 2-3, 2021. This marks TDC's 12th year, aiming to connect global retailers, 400+ carriers, and 4,900+ delivery services, showcasing innovations in eCommerce delivery amid a changing landscape due to the pandemic. Attendees can expect insights on current trends, challenges, and strategies for retaining customers in the evolving retail environment. The event will feature over 1000 senior industry leaders and renowned speakers.
